Holding senior positions on the board of eight different companies in 20 industries is Randal Nardone – CEO of Fortress Investment Group.In terms of education, Randal went to the University of Connecticut where he earned his bachelor’s degree in science, he also attended the Boston University School of Law which is where his J.D degree came from.His career at fortress investment group began with the company’s birth in 1998. He co-founded the company and served in different capacities, culminating in his appointment in 2011 as interim CEO as Dan Mudd was forced to take a leave of absence. He was named CEO substantively in 2013 and has held the position till date.Randal Nardone is no newbie on the block. His sterling career has seen him hold a number of different positions in different organizations before his time at Fortress Investment Group began. He previously worked at Swiss banking giants UBS as a managing director between May 1997 and May 1998; before that, however, he spent time at BlackRock Financial Management, Inc as a principal director.
Prior to that episode too, he was employed at the law firm of Thatcher Proffitt and Wood where he was both a partner and member of the executive committee.In 2007, when FIG went public, he was named on the list of Forbes world billionaires, coming in at a modest 557th position. The public listing made a number of billionaires at that time, with the media naming them “the Fortress five”.Apart from his CEO position at Fortress Investment group, Randal Nardone also serves on the board of companies like Springleaf Financial Holdings, LLC; Eurocastle Investment Limited; Alea Group Holdings Bermuda Ltd; Florida East Coast Holdings Corporation; Fortress Credit Corporation; Springleaf Finance Inc; and a handful of others. His years of experience is seen as an obvious advantage to these companies.
In recent news, Fortress Investment Group was acquired in December by the Softbank Group. The acquisition is set to keep management and organizational structures intact. The company’s hierarchy announced that it will continue to operate within Softbank as an independent company with its headquarters remaining in New York City.Randal Nardone and the Fortress hierarchy have said repeatedly that the acquisition was made out of a bid to make Fortress a major competitor in the market and the consolidate Softbank Group’s team strength.Randal had announced in 2015 that Fortress investment group may have been undervalued and as such took steps to correct that. The acquisition in 2017 was made at a rate of over $8 per share, a figure which is lower than when the firm went public but higher than the trading price as at the time of the sale.
Todd Lubar expounds on the real estate ventures in Baltimore. He ventured into the real estate business for more than twenty years. Previously he was in the credit and finance industry, which would be advantageous for both sides in the oncoming building deal. Todd Lubar is the leader of TDL Ventures, and his primary interest is the exploration of new opportunities for the growth of the company and the city at large. He also works as the Sr. VP to legendary investments. For more details visit LinkedIn.
Baltimore city attracts young professionals from all over because the costs of living are low compared to the likes of Washington, which draws a large number of people compared to Baltimore. Though the young professionals would move to Baltimore because of the low-cost living standards. Their increase in number would put in demand construction for residential apartments, retail shops, recreational facilities and supermarkets. Reconstruction of older buildings into residential homes will also improve the living costs in Baltimore, and all this would satisfy the needs of the growing population. Lubar gives his perspective concerning the industry as he has experience in credit and finance after being consulted by those who have interests in the industry.
Baltimore targets the expansion and innovation of public transport thus leading to making the city more conducive for those working and wishing to inhabit the downtown. Hence becoming friendly for new business opportunities and enticing people from various professional grounds. Check out Ideamensch to see more.
Mr Lubar possesses several companies dealing in the real estate operations development industry for which one is a demolition company. He is also the vice president of Charter Funding a subsidiary of First Magnus Financial Corporation. He attended school at Sidwell Friends in Washington from 1977 to 1987 and later joined the high school at the Peddie School in Hightstown NJ. He graduated from Syracuse University with a Bachelor’s degree in communication and speech in 1995.
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Hussain Sajwani, the Founder and Chairman of DAMAC Properties, one the world’s premier property development corporations, is a graduate of The University of Washington, where he garnered degrees in Industrial Engineering and Economics. Mr. Sajwanin started his first major endeavor in 1982, with the creation of, what is now known as, Global Logistics Services, which provides more than 150,000 meals each day, serving markets around the world, including Africa, the Middle East, and the Commonwealth of Independent States. Today, Mr. Sajwani has helped to grow DAMAC Properties into one of the foremost property development companies in the Middle East, helping to deliver over 17,000 homes in a number of global cities, including Beirut, Abu Dhabi, Dubai, Doha, and London. Listed as one of the most influential Arabs in the world, Hussain Sajwani recently participated in a Q & A session in which he discussed a number of things, including his daily processes, as well as the personal philosophies that have attributed to his extraordinary success throughout the course of his career.
For Hussain Sajwani, the idea to create DAMAC Properties came from his time as a youth, in which he heavily participated in his father’s import business, instilling in him the entrepreneurial spirit that has accompanied him throughout the course of his career. After graduating from The University of Washington, he would spend two years working Abu Dhabi Gas Industries’ finance department, before decided to create his own venture. On a typical day, Mr. Sajwani meets with his management team in order to ensure that he is abreast of the latest happenings within his corporation, before meeting with his various business partners in order to continue the expansion of his network. He also makes certain that he spends quality time with his family in order to maintain a sense of balance in his life. In order to bring his ideas to life, he always keeps his eyes on the future, often imagining what Dubai, and the various cities that DAMAC Properties operates in, would look like over the course of the next two decades. As a forward-thinker, he has also become really excited about the endless possibilities associated with social media.